Yes, we knew this was coming, but w/ 18 billion in debt, this was a must. Flood is a cheap policy anyway, but $550 doubled will now be $1100 in 4 years so it will have an impact for homeowner’s. In Florida and Fort Lauderdale, we all are in a flood zone and some have preferred flood rates. Preferred rates are very reasonable at less than $365 per year so it is still not bad when the rates do increase. If you have or need a mortgage, then you must have Flood, so nothing we can do. Also, Flood rates are the same w/ every agent, no matter what.Please call L & S Insurance at 1-888-244-7400 for a quote on Flood, Home, Auto, Business & Commercial and even Life Insurance. Please read the full article below brought to us by our friends at First State Insurance and Julie Patel of the Fort Lauderdale Sun Sentinal.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/flood_insurance_premiums_could.html

Advertisements